Premium Essay

Organization Benefit Comperison

In: Business and Management

Submitted By yjohns007
Words 767
Pages 4
Financial Consultant
Financial consultants work with companies or individuals to plan for their financial futures by offering information and guidance on topics that include taxes, investments and insurance decisions. Often called financial advisors, these consultants work closely with clients to offer personalized financial advice. Consultants may also direct the buying and selling of stocks and bonds for their clients. Some consultants work for consulting firms that focus on the financial needs of specific businesses or industries.

Table 1-1 Financial Consultant Compensation Benefits
|Medical |24 Hour Personal Accident Insurance |Travel Stipend |
|Dental |Business Travel Accident Insurance |Relocation Allowances |
|Vision |Domestic Partner Benefits |Alternative Work Schedule |
|401 (k) Retirement Savings Plan |Disability Programs |Ten Paid Holidays, 13 days of sick leave, 13 to|
| | |26 days of vacation time each year |
|Group Life Insurance |Physical Exam Programs | |

IT (Network Administrator)

As an IT administrator, is responsible for maintaining the company's IT network, servers and security systems. This role is absolutely essential within any organization to ensure business continuity – if an IT network fails, the impact on the day to day running of the business can be significant, sometimes catastrophic.

To ensure this doesn’t happen, IT…...

Similar Documents

Premium Essay

Q1. Understanding Human Behavior Is Critical to Organizations – Discuss the Benefits of Self Evaluation/Self Assessment as It Relates to Leaders Today

...Q1. Understanding human behavior is critical to organizations – discuss the benefits of self evaluation/self assessment as it relates to leaders today. Understanding human behavior is critical to managers at all levels inside any organization. Individual managers within the organization can especially benefit from conducting self-evaluations. It is essential for managers to be self -ware and understand how their own behavior and personality can give them a better perspective while working with others. Being self-aware allows one to recognize and improve their strengths and weaknesses in order to maximize their leadership potential. In Organizational Behavior, Robins & Judge (13th Edition) tell us that organizational behavior is the knowledge gained about individuals, groups and the effect of structure on behavior in order to make organizations work more effectively. A major goal for any organization should be to work more effectively and to continuously make improvements, this is summarized by the Japanese Philosophy of Kaizen. For an organization to strive to continuously improve the leadership and management must adapt and learn. There are many ways in which a manager can strive to improve and one of those is through self-evaluation. What is a self-assessment or evaluation? Daniel Goleman (2000. Page 80) tells us that an accurate self-assessment is a “realistic evaluation of your strengths and......

Words: 1640 - Pages: 7

Premium Essay

Benefits

...of the organization. The first management theory approach to emerge was scientific management.[1] It was introduced in an attempt to create a mental revolution in the workplace. It can be defined as the systematic study of work methods in order to improve efficiency. Frederick W. Taylor was its main contributor. Other major contributors were Frank Gilbreth, Lillian Gilbreth, and Henry Gantt. Scientific management has several major principles. 1st - it calls for the application of the scientific method to work in order to determine the best method for accomplishing each task. 2nd - scientific management suggests that workers should be scientifically selected based on their qualifications and trained to perform their jobs in the optimal manner. 3rd - scientific management advocates genuine cooperation between workers and management based on mutual self-interest. 4th - scientific management suggests that management should take complete responsibility for planning the work and that workers' primary responsibility should be implementing management's plans. Other important characteristics of scientific management include the scientific development of difficult but fair performance standards and the implementation of a pay-for-performance incentive plan based on work standards. Bureaucratic management focuses on the ideal of organization. Max Weber was the major contributor to bureaucratic management. Based on his observations, Weber concluded that many early organizations were......

Words: 2133 - Pages: 9

Premium Essay

Benefits

...We are pleased to announce the opportunity to participate in a new job employee benefit that will not only benefit employees but the community. The office to which each employee belongs to has collected a list of organizations that are looking for volunteers. The list given is not the only means of volunteer work, but other options that are already in progress or a personal idea is optional as well. It is understandable that many already participate in community service, but this is an opportunity to be paid while doing so. As you all are well aware of, strengthening community is what we strive for and our greatest cause. That being said, everyone will not be able or will not want to participate. Further details are below: Non-participants People who choose not to participate will work and be paid for the same number of hours as before. Benefits Group participants will be featured in company publications. Absences (Volunteer or Compensation Work) Be sure to clear ANY planned absences with supervisors during regular business hours. Participants * Employee can spend 1 hour working with a charitable on nonprofit group for every 40 they work. Employees will be paid for this work, so their salaries will not fall. * Supervisors are responsible for ensuring that essential business services are covered during business hours. Hours of Volunteer Work * 1 hour per week * 2 hours every other week * Half- day each month *Volunteer hours......

Words: 282 - Pages: 2

Premium Essay

How Do Managerial Accounting Practices Benefit Business Organization?

...(Weygandt, Kimmel & Kieso, 2012). Managerial accounting is an important internal business function. Many companies use managerial accounting to record and report their internal financial information. There are differences between financial accounting and managerial accounting. Financial accounting focuses on preparing financial reports and releasing information to the public while managerial accounting focuses on preparing financial information for internal review and decision making. Managerial accounting offers several important tools for measuring the company operational performance. Common types of managerial accounting include job costing, process costing, activity-based costing and also budgeting. 2.0 Benefits of Managerial Accounting Practices Towards Business Organization Create Competitive Advantage Management accounting can help businesses create a competitive advantage. Many business owners focus on creating consumer goods with lowest-priced and highest-quality product in the market. The ability to review financial information through managerial accounting is important in creating a financial competitive advantage. In 2010, Maxis Berhad wins excellence award in management accounting from the national award for management accounting (NAfMA). One of the winning criteria is the company ability to create the financial competitive advantage over the competitor. B) Reduce Operational Expenses Managerial accounting can help companies reduce their operational......

Words: 610 - Pages: 3

Premium Essay

Benefits

...Employee Benefits Employee benefits is very important benefit that every employee should be looking at when it comes time to search for a job. Many companies offer a lot of employee benefits, however; there are some that are more important than others. When the organization is developing and planning their benefit package, there is information that is very important for the planning process and then there is other information that is not as important when it comes to the planning process. The most important information when it comes to planning process for employee benefits would be compensation(2014). You have to have a good compensation package for your employees based on their experience, education, and knowledge. When employees are searching for jobs, one of the first things they want to know is how much they will be making per an hour or if it is salary, the employee will want to know how much their salary is going to be. So that would be one of the most important things to consider when planning for the process of employee benefits. The second most important thing when a company is planning for employee benefits would be medical insurance. Most companies offer health insurance, dental insurance, vision insurance, and prescription coverage. Now a days, every person has to have health insurance due to the Obama care so that is why the medical insurance is one of the most important things to plan when planning the employee’s benefits process. Medical insurance......

Words: 739 - Pages: 3

Free Essay

Benefits

...NCMHC, Inc. Benefits Plan HRM 599 Deiny Moretta Prof: Thomas Kinney May 11, 2014 Organization profile Northeast Community Mental Health Centers, Inc. (NCMHC) is an outpatient mental health center, based in Allentown, PA. NCMHC was established in 1998, developed with the goal of providing mental health services for adults, adolescents and children in a multicultural and bilingual environment, with emphasis on Latino communities in the Philadelphia area. Since then, the organization has been a successful enough to spread in different cities in PA and North Carolina, being able to open eight centers in total, and counting. (Northeast community mental health center, 2013) NCMHC comprises a total of 300 or more employees. The staff consists of a multidisciplinary team of health professionals, bilingual and culturally sensitive behavior and customer service. Are psychiatrists, psychologists, psychotherapists, supervisors and administrative staff who work in an organized, professional and ethical, to provide high quality services to its customers. The company staff is made up of behavioral health professionals, psychiatrists, psychotherapists and support staff that work to provide high quality services to clients. (Northeast community mental health center, 2013) The company's mission is to provide professional service in the area of clinical psychology and psychiatry, as well as supporting services that promote and improve the mental health of patients. NCMHC vision......

Words: 733 - Pages: 3

Premium Essay

Csr Benefits to an Organizations

...related to the chapters that are available in this subject. The title of my research will be “Does CSR have any impact on company performance?” . Plato once said that, Only people with the whole nations good in mind can be allowed to rule the just state (Plato through Larsson, 2003 p. 87). Hence from this statement we can see that even in the past people do take serious about the importance of ethical behaviour. The multinational companies' spot and impact is developing in the global economy furthermore, with it higher requests on obligation regarding the social and natural impacts that originates from the organizations' own particular operations. Accordingly, there is a developing enthusiasm for corporate social responsibility (CSR). Enquist, Johnson and Camén (2005) state that after waves of generation situated and later administration arranged viewpoints on organizations, a third wave of sustainability and triple bottom line concern deduction is developing. According to (Elkington, 1997) the triple bottom line is trying to surround the three type of sustainability. Which is the economic, the environment and the social. Enquist, Johnson and Camén (2005) confirms that by saying this: Companies are paying attention to their core values and the development of a sense of corporate social responsibility, which can be used in marketing strategies and in customer-retention management 1.2 Definition of Corporate Social Responsibility Based on financial theory, there is only......

Words: 5444 - Pages: 22

Premium Essay

Performance Management: Its Definition and Benefits for Organizations and Its Employees

...Performance Management: Its Definition and Benefits for Organizations and Its Employees Jelissa Edwards Management 0100 Sasha Chatar October 24, 2014 Performance management is understood to be an ongoing process that manages employees and staff performance in alignment with the organization’s overall goals and performance. It is also understood that the aim is to help employees and staff members understand how their skills and efforts contribute to the organization. The management of performance within an organization can be of benefit to the organization and its employees in various ways. It can provide clear accountability and improve productivity for organizations as well as removing doubt by providing a clear understanding of expectations and motivating employees. THE DEFINITION OF PERFORMANCE MANAGEMENT Michael Armstrong, former Chief Examiner of the Chartered Institute of Personal Development (CIPD), defines performance management as “a systematic process for improving organizational performance by developing the performance of individuals and teams. It is a means of getting better results from the organization, teams and individuals by understanding and managing performance within an agreed framework of planned goals, standards and competence requirements.”1 PERFORMANCE MANAGEMENT BENFITS FOR ORGANIZATIONS AND EMPLOYEES Organization Benefits Performance management is carried out through the use of performance assessments— also known as......

Words: 1312 - Pages: 6

Premium Essay

Benefits

...started operations offering a good package of benefits to attract good talent. The benefits exceeded those of similar or larger companies.The original package offered Complete Medical, 3 week vacation plus all official Holidays paid, plus other non official Holidays, besides the company included five sick days that could be used or paid at the end of the year. Also the company offered a generous bonus at the end of the year (Martinez, 2010). The Medical covered 100% of the premiums for the employee , and his/her spouse and 50% on children- all with $500.00 deductible plan, and the company would cover the $500.00 deductible ( Martinez, 2010). When the cost of medical insurance exploded, Food Process and Control held on the same benefits until a couple of years later that was not affordable, so they needed to re- structure the benefit plan, especially because at this time they were looking at more employees and that was really affecting the cost in to the company (Martinez, 2010). To cut costs Food Process and Control reduced the coverage of spouse and children to only 50%, a couple of years later Food Process and Control was forced to eliminate our portion of the $500.00 deductible and change the plan to a $1000.00 deductible to reduce the escalating costs. As for dental insurance Food Process and Control has never offered dental insurance to its employees. Now its time for a re-structure the medial and dental benefits at FPC’s and that is why I am choosing......

Words: 1716 - Pages: 7

Premium Essay

“Describe Three Ways in Which Teamwork Can Be of Benefit to Organizations (Give Examples) and Give Two Benefits That Individuals Might Gain from Working in Teams”

... “Describe three ways in which teamwork can be of benefit to organizations (give examples) and give two benefits that individuals might gain from working in teams” Cohen and Bailey (1997:241) defined team work as: - “ A team is a collection of individuals who are independent in their tasks, who share responsibility for outcomes, who see themselves and who are seen by others as an intact social entity embedded in one or more larger systems” (cited in King and Lawley 2013). Teamwork is a vital part of running an organization, which is why most of the companies encourage employees to attend team building trainings. The collaborative work is considered to be beneficial for both organizations and individuals, who participate. Firstly, companies benefit from a larger generation of innovative ideas by encouraging collaboration working between employees. Stella Cotrell (2013) identifies that by encouraging people to work together, the group will benefit from different points of view that build up from dissimilar experiences and backgrounds. Steve Jobs and Steve Wozniak are one of the most wellknown examples of successful teamwork, where “the childlike inventor and the mercurial, product-crazy shark”(Strauss 2012) got together and built a revolutionary tech company, which is considered to be leading company amongst direct customer related businesses. Moreover, it is believed that encouragement of teamwork reduces labor turnover and at the end improved retention.......

Words: 1115 - Pages: 5

Premium Essay

Is Employer-Based Health Insurance on Its Way Out, and If so, Is It More or Less Practical to Maintain It as a Benefit in a Healthcare Organization?

...if so, is it more or less practical to maintain it as a benefit in a healthcare organization? I do believe that employer based insurance is on its way out. Large organizations with a certain amount of full-time employees are now mandated by the Affordable Aare Act ( ACA) to offer health benefits to their employees. Otherwise, they will have to pay a penalty for not offering benefits. Some employers are faced with many financial challenges and high expenses in trying meet this mandate of offering benefits to their employees. They are weighing the costs of proving insurance versus paying the penalty. Some organizations believe that the cost of offering benefits outweigh paying the penalty. Thus, many organizations are dropping out of offering benefits and simply paying the penalty. So employer based insurance will continue to decline as time goes. 2 - How has the Affordable Care Act affect employer based health insurance benefits? The Affordable Care Act definitely has an impact on how employees can purchase insurance and what benefits their employers offer. Companies that have not initially offered health insurance to their employees are now be mandated to do so. Under ACA, coverage offered by the employer must be affordable and cannot cost more than 9.56 % of the employee’s household income. If coverage is not affordable, the employer has the option of using the Marketplace, but the employer may be fined. The benefits offered to the employee must also meet the minimum......

Words: 256 - Pages: 2

Premium Essay

Benefits to Organizations That Use E-Commerce

...Benefits to organizations that use e-Commerce (e-Business). What are the pros for the businesses which use e-commerce? Give specific examples. Instructor: W.E. Simonpietri Course: Fundamentals of E-Business – BUS107 Date: January 29, 2011 Schneider (2010), author of Electronic Commerce, explains that electronic commerce, or also called e-Commerce, means “shopping on the part of the Internet called the World Wide Web and also includes many other activities, such as businesses trading with other businesses and internal processes that companies use to support their buying, selling, hiring, planning, and other activities.” The methods involved with conducting business on the Internet and opening an e-Commerce shop to sell from, have several benefits to both merchants and the customers who buy from them. The biggest benefits of conducting business through the Internet includes a cheaper upfront cost to the merchant, it's easier to set up and open the store and it's faster to get an Online business up, running and making sales. Marketing through e-Commerce has several benefits that include less costs than print advertising, helps build customer relationships, brand credibility and it costs less to get an e-Commerce marketing campaign running and operational. In the following paragraphs, I will show you more in depth of the benefits of e-Commerce in a business. One the greatest advantage that e-Commerce brings to a business is global expansion. Due to the wide......

Words: 1251 - Pages: 6

Premium Essay

Benefits

...framework. The intention of this study is to analyze the relationship between compensation and benefits and others independent variables towards the employee turnover. Then, it proceeds about the hypothesis development. The theoretical framework and hypothesis development examine the relationship between dependent variable and independent variables. Next, it goes to data collection methods that consist of primary data and secondary data collection. Next, the size and number of respondents and sampling method will be explained. After that, it goes to the data analysis method for qualitative and quantitative data in this study. Research Framework Since all the variables are being determined, the factors that cause the employee turnover in the working place will be developed through the framework. In this framework, it will consist of dependent variable and independent variables only. The independent variables are compensation and benefits, organization cultures, supervisor, job analysis and characteristics, and career development. On the other hand, the dependent variable is employee turnover that deeply discuss in this research. All the independent variables are being measure with the relationship with employee turnover. The chapter begins with an introduction that explains the research framework. The intention of this study is to analyze the relationship between compensation and benefits and others independent variables towards the employee turnover. Then, it proceeds......

Words: 584 - Pages: 3

Free Essay

Benefits

...SUMMARY OF EMPLOYEE BENEFITS This summary of benefits is provided for information only. Increase of any inconsistency between this summary and the formal benefit plan, the formal benefit plan will apply GROUP MEDICAL, PRESCRIPTION, DENTAL, AND VISION PLANS MEDICAL/PRESCRIPTION In- Network coverage For 2016 we offering two Preferred Provider Organization Plans (PPO) through BlueCross BlueShield of Texas. TSL is proud to offer a company paid medical plan (PPO Base Plan). PPO Base plan has a deductible of $2,500 for individuals and $5,000 for families. After the deductible is meet the plan converts into a 70%/30% coverage plan. PPO (Buy-Up) plan has a deductible of $3,000 for individuals and $6,000 for families. After the deductible is meet the plan converts into a 100% covered plan. Preventive Care is covered at 100%. DENTAL In-Network Coverage For 2016 we are offering three dental plans. All three plans are though Guardian. DHMO has a zero deductible, you pay a fixed dollar amount for treatments (a copayment will apply) **See Copay Schedule**. Plan 2 PPO Value Plan has a deductible of $50 for individuals and $150 for families. Plan 2 requires that you use a pre-screened, in-network dentists. Plan 3 PPO Network Access Plan (NAP) Plan has a deductible of $50 for individuals and $150 families. With Plan 3 you may see any dentist of your choice. Preventative Care is covered at 100%. VISON In-Network Coverage Vision coverage is provided though Guardian. This is...

Words: 587 - Pages: 3

Premium Essay

Benefits

...their will be a growing number of older workers in the workplace, older workers will play a important role in the labor market in the future. This is a subject, which organizations have taken into great consideration for the future of their business. As stated by Bill Albright, Director of Quality of Work/Life and Benefits, MITRE. “If large numbers of our older workers all left at one time, our company would experience a significant loss of intellectual capital as well as the social capital connected to professional relationships. Furthermore, our experienced workers have institutional knowledge that is critical to our clients.” Employee benefits and management practices have historically been designed with the assumption that older workers would seek leisure between the ages of 59 and 65, and that younger workers would have developed in sufficient numbers to replace the graying workforce. Clearly, there are not sufficient numbers. Organizations that have recognize the impact of the loss of Boomers to companies and potentially to the economy are probably asking, "What can we do to proactively address the needs of our workers over 50?" Being able to answer this question has been baffling organizations, but taking proactive steps towards being able to maintain their aging workforce is critical. Organizations should consider that older workers are willing to work different schedules; serve as mentors; have invaluable experience; are perhaps more reliable; add......

Words: 783 - Pages: 4